3740 North Lincoln Avenue Chicago, IL 60613

$725,000
Reduced $25,000
$725,000
Reduced
$25,000
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New 5 year leases until 2030 with established tenants since 2019. Perfect Armchair investment or 1031 exchange property. 3,100 sq feet of commercial space on bustling Lincoln Avenue divided into two individual storefronts. Unique property with over 130 ft of road frontage that allows for tremendous exposure and excess amounts of natural light in both spaces. Both spaces were built out in 2019-2020 with updated flooring, bathrooms, paint, etc. The building also had a new full tear-off roof installed in 2021. Management company already in place if new owner wishes to continue. There are also two deeded garage parking spaces included in the price . Offered with a very attractive CAP rate and annual rent escalations. Ideally situated just 1 mile west of Wrigley field and a six minute walk to Addison brown line. Please do not disturb or make any inquiries from current tenants. All inquiries should be made only to the listing broker

New 5 year leases until 2030 with established tenants since 2019. Perfect Armchair investment or 1031 exchange property. 3,100 sq feet of commercial space on bustling Lincoln Avenue divided into two individual storefronts. Unique property with over 130 ft of road frontage that allows for tremendous exposure and excess amounts of natural light in both spaces. Both spaces were built out in 2019-2020 with updated flooring, bathrooms, paint, etc. The building also had a new full tear-off roof installed in 2021. Management company already in place if new owner wishes to continue. There are also two deeded garage parking spaces included in the price . Offered with a very attractive CAP rate and annual rent escalations. Ideally situated just 1 mile west of Wrigley field and a six minute walk to Addison brown line. Please do not disturb or make any inquiries from current tenants. All inquiries should be made only to the listing broker

  • Neighborhood
  • Type
  • County
    Cook
  • Area
    CHI - North Center
  • Tax Amount
    $1
  • Status
    Active
  • Listing #
    12287389
  • Built
    2006
  • Listed on site
    61 days

Listed by:
Fahy Real Estate Inc

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of Fahy Real Estate Inc.
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Property details

Community Features

  • No HOA

Exterior features

  • No Pool

Interior Features

  • Central Air Conditioning

Property History

DateDays AgoEventNew Price
Apr 2, 202511 days agoPrice decreased25,000 (3%)$725,000
Feb 10, 20252 mos agoNew on market$750,000
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